SCHEDULE 3CURRENT MODEL CLAUSES FOR LANDWARD PRODUCTION LICENCES DERIVING FROM SCHEDULE 3 TO THE PETROLEUM (PRODUCTION) REGULATIONS 1966

PART II

Right of Licensee to determine licence or surrender part of licensed area4

Without prejudice to any obligation or liability imposed by or incurred under the terms and conditions hereof the Licensee may, at any time during the said term of six years, by giving to the Minister not less than six months' previous notice in writing to that effect, determine this licence or surrender any part of the licensed area, being a part which complies with clause 7 hereof (the marginal note whereof is “Areas surrendered”).